It seems General Motors recently has been hard at work in further developing its presence in Africa. Just last week the General announced it had opened-up shop in Uganda, and now, nearer to the Nile Delta, GM Egypt announced it will increase its investment in the region by an additional $46 million over the next 3-4 years, according to the The Cairo Post.
“Egypt enjoys a promising investment environment with lots of potential… with diversified demands. Egypt’s strategic location promotes exports making it North Africa’s hub,” said President and Managing Director of GM Africa, Mario Spangenberg. His words come during a speech at the Egypt Economic Development Conference (EEDC) held March 13-15.
GM Egypt has invested $66 million in dealer development and various supporting partnerships over the past seven years. It directly employs 1,916 people and another 25,000 through those dealerships and partnerships.
Just like its recent partnership in Uganda, GM vehicle distribution rights in Egypt are solely owned by Al Mansour Automotive Egypt, one of the country’s largest vehicle importers and distributors.